Crypto News
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South Korea Arrests Four Over Crypto Payments to Syrian Terror Group
South Korean police arrested four people over alleged crypto payments to a Syrian terror group. Investigators said the alleged ringleader also sent 11 used cars and two excavators, marking a first for Korean investigators.
Decrypt
Lazarus-linked wallets sold over $30 million in Bitcoin on Hyperliquid
CoinDesk reports that wallets tied to North Korea’s Lazarus Group sold more than $30 million in Bitcoin on Hyperliquid over the past three weeks, as Donald Trump pushes to bring the crypto platform onshore.
CoinDesk
Kalshi Bans George Santos for Life After State of the Union Trading Case
Kalshi permanently banned former congressman George Santos after finding he traded heavily on his own State of the Union attendance, made false statements to move prices and earned nearly $18,000, according to Decrypt.
Decrypt
Former SEC, CFTC Officials Urge Lighter Touch to Bring Crypto Perps Trading Onshore
Former SEC and CFTC officials are urging lighter crypto rules, warning that excessive regulatory burdens could leave a $90 trillion perpetuals market offshore as agencies pursue work on derivatives and custody.
Decrypt
Kalshi Permanently Bans Former Congressman George Santos
Kalshi has permanently banned former congressman George Santos for manipulation, CoinDesk reports. It is the prediction-market platform’s first lifetime ban for a former member of Congress as the industry seeks to address misconduct.
CoinDesk
DeFi lenders lose more than $84 million in price-manipulation attacks
Two DeFi lenders lost more than $84 million over four days in attacks using variations of a price-manipulation strategy previously targeted by US regulators. Tectonic on Cronos accounted for roughly $75 million, according to GoPlus.
CryptoSlate
Japan FSA Seeks 2027 Tax-Filing Exemption for Trust-Type Stablecoins
Japan’s Financial Services Agency requested a fiscal 2027 tax reform to exempt trust-type stablecoins from mandatory tax filings. Cointelegraph said the regulator expects the change to support their use as transaction tools.
Cointelegraph
Bitmine Makes Its Biggest Ether Purchase Since June as Tom Lee Highlights Crypto’s Strong Q3
Bitmine reportedly made its largest ether purchase since June. Chairman Tom Lee said crypto’s strong third-quarter performance could attract more institutional investors, according to CoinDesk.
CoinDesk
Bitcoin Holds Near $78,000 as Dollar Strength Caps Crypto
Bitcoin held just below $78,000 as August ended, while CoinDesk said dollar strength was capping crypto gains and pushing the yen past its intervention line. Ether was highlighted for forming a bullish golden cross.
CoinDesk
Circle’s cirBTC held 40 BTC at Aug. 27 snapshot as Arc becomes next distribution test
Circle’s cirBTC held 40 BTC and was overcollateralized at its Aug. 27 snapshot, but remained thousands of times smaller than WBTC and cbBTC. Arc is set to become the product’s next distribution test.
CryptoSlate
Treasury Proposal Would Require US Exchanges to Audit Foreign Stablecoins or Delist Them
A proposed Treasury change to the GENIUS framework would require US exchanges to conduct reasonable diligence before relying on foreign stablecoin issuers, with noncompliant platforms potentially facing delisting obligations. Comments remain open through Oct. 19.
CryptoSlate
Crypto stock tokens show limited weekend activity as liquidity thins
Crypto stock tokens barely moved over the weekend, while four Aerodrome pools displayed $6.07 million in liquidity. CryptoSlate said Aave V3 records listed no liquidity for the B20 assets examined.
CryptoSlate
Bitcoin Miners Diverge From BTC as Their Business Models Evolve
Bitcoin climbed 21.5% between Aug. 17 and Aug. 21, while six of seven large US-listed miners fell. The performance gap underscores how mining companies are evolving beyond pure Bitcoin exposure toward high-performance computing operations.
CryptoSlate
Ripple proposes XRPL code removal as AI review examines lending protocol
Ripple has recommended removing over 10,000 lines of unused XChainBridge code from XRPL while Lending Protocol V1.1 undergoes an AI-only review through Sherlock’s Audit Engine ahead of a native lending expansion.
CryptoSlate
Bitcoin Outpaces Stocks as Its Link to Gold Strengthens
CoinDesk says Bitcoin is outperforming stocks while correlating more closely with gold. The Aug. 28 market note highlights BTC’s changing cross-asset behavior, with spot gold as the key comparison.
CoinDesk